UK banks may be forced to grapple with a complex patchwork of national rules

The EU’s financial services chief has warned the City of London it may have to wait beyond the end of this year to know whether it will secure prized (...)

A European Commission report says that growth in the euro zone exceeded expectations in the first quarter of the year. Photograph: iStock

Ireland’s economic outlook remains “clouded in uncertainty”, the European Commission has warned in its summer economic forecast. Brexit and changes in(...)

Giuseppe Conte, Italy’s prime minister. The European Commission has formally rejected Italy’s draft budget. Photograph: Alessia Pierdomenico/Bloomberg

The European Commission has given Italy’s populist government three weeks to redraft its 2019 budget or face European sanctions. The move, likely to (...)

Commissioner for economic and financial affairs Pierre Moscovici gives a press conference at the EU Commission headquarters in Brussels.  The Commission presented an Action Plan for Fair and Efficient Corporate Taxation in the EU

The European Commission unveiled a new plan to make companies pay their “fair share” of taxes by aligning tax rules and increasing disclosure requirem(...)

British defence secretary Michael Fallon said Russian president Vladimir Putin was a “real and present danger“ to Estonia, Latvia and Lithuania and Nato was getting ready to repel any aggression.  Photograph: Lisa Maree Williams/Getty Images.

Senior Western officials accused Russia on Thursday of redrawing the map of Europe by force and posing a threat to the Baltic states.Russian president(...)

Latvia’s prime minister Valdis  Dombrovskis has resigned after the collapse last week of a supermarket roof in the capital Riga that killed more than 50 people. Photograph: Ints Kalnins/Reuters

Latvia’s prime minister has resigned after accepting responsibility for the collapse of a supermarket roof in the capital that killed 54 people and wo(...)

 A  view of rescue workers inside the Maxima supermarket, after its roof collapsed in Riga, last night. Photograph: EPA

Rescue workers continued to pull bodies from the ruins of a collapsed supermarket in the Latvian capital Riga today as the death toll rose to 52 in(...)